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Laurentian Bank of Canada T.LB

Alternate Symbol(s):  LRCDF | LAUCF | T.LB.PR.H

Financial Services
Laurentian Bank of Canada (the Bank) is a Canada-based provider of financial services to its personal, commercial and institutional customers. The Bank operates in Canada and the United States. Its segments include Personal Banking, Commercial Banking and Capital Markets. The Personal Banking segment caters to the financial needs of retail clients. The Commercial Banking segment caters to the financial needs of business clients across Canada and in the United States and provides commercial banking, real estate financing, and equipment and inventory financing. The Capital Markets segment provides a range of services, including research, market analysis and advisory services, corporate underwriting for debt and equity, and administrative services. The Bank's clients can access its offering of financial advice, products and services through a network of branches in Quebec. The Bank offers a digital direct-to-customer platform to all Canadians. The Bank has approximately 57 branches.


TSX:LB - Post by User

Laurentian Bank of Canada > Took the tax loss
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Comment by rad10on Feb 02, 2024 8:26pm
155 Views
Post# 35860721

RE:RE:RE:RE:Took the tax loss

RE:RE:RE:RE:Took the tax loss Nothing has changed? ..... CEO? Board Chair and a couple of Directors? 6.5 million dollars restructuring Q1 2024 for 8million in projected annual recurring savings?

Rania Llewelyn was out of her depth.

Not much has to go right at this price, and with new leadership they could do well.

Would I pay the same price to book as one of the quality Canadian banks - heck no!

43% price to book on the common
10% effective yield on the preferred post reset in June.

Now we are talking!

Same reason to consider Citibank over JPMorgan.  (Jane Fraser is in a different league to her Canadian counterpart, and that overhaul has the blessing of WB).

All good - have an awesome weekend.  Happy for you to pick holes in my thesis!  It's water off a ducks back.
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